Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

The Pitfalls of Imputing Income

BY Carol W. Most
April 28, 2012

Too often, as attorneys in Family Law matters, we are faced with the questions presented when a couple's income does not match the lifestyle they have maintained, and the realization that cash income plays a role in that lifestyle. For example, we recently heard from a client that her husband “often came home from work with wads of cash.”

The issue to be resolved is the incongruity between the apparent lifestyle and the parties' inclusions of expenses on the Statement of Net Worth. A party may attempt to justify his alleged income by omitting various expenditures from his Statement of Net Worth. Frequently, reported income is inconsistent with the parties' bank records, credit card, utility and other payments, as when credit card payments indicated on credit card receipts do not match up with bank statements. Additionally, cash deposits may not be accountable as salary deposits.

How do we prove the existence of these extra funds to the court, in order to obtain a support award that is in keeping with the lifestyle the parties enjoyed prior to the break-up?

Read These Next
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models Image

Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.

Hyperlinked Documents: The Latest e-Discovery Challenge Image

As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.

Identifying Your Practice's Differentiator Image

How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.

Risks and Ad Fraud Protection In Digital Advertising Image

The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.

Turning Business Development Plans Into Reality Image

This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.